HARRY HUGHES, Governor

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TITLE 8. VALUATION AND ASSESSMENT.
SUBTITLE 1. GENERAL PROVISIONS AND VALUATION.
8-101. CLASSIFICATION OF PROPERTY.

(A)  PROPERTY CLASSIFIED.

FOR ASSESSMENT PURPOSES, PROPERTY SHALL BE DIVIDED INTO
CLASSES AND SUBCLASSES.

(B)  REAL PROPERTY AND SUBCLASSES.

REAL PROPERTY IS A CLASS OF PROPERTY AND IS DIVIDED INTO THE
FOLLOWING SUBCLASSES:

(1)  LAND THAT IS ACTIVELY DEVOTED TO FARM OR
AGRICULTURAL USE, ASSESSED UNDER § 8-209 OF THIS TITLE;

(2)  MARSHLAND, ASSESSED UNDER § 8-210 OF THIS TITLE;

(3)  WOODLAND, ASSESSED UNDER § 8-211 OF THIS TITLE;

(4)  LAND OF A COUNTRY CLUB, ASSESSED UNDER §§ 8-212
THROUGH 8-217 OF THIS TITLE;

(5)  LAND THAT IS USED FOR A PLANNED DEVELOPMENT,
ASSESSED UNDER §§ 8-220 THROUGH 8-225 OF THIS TITLE; AND

(6)  ALL OTHER REAL PROPERTY THAT IS DIRECTED BY THIS
ARTICLE TO BE ASSESSED.

(C)  PERSONAL PROPERTY AND SUBCLASSES.

PERSONAL PROPERTY IS A CLASS OF PROPERTY AND IS DIVIDED INTO
THE FOLLOWING SUBCLASSES:

(1)  STOCK IN BUSINESS;

(2)  DISTILLED SPIRITS;

(3)  OPERATING PROPERTY OF A RAILROAD;

(4)  OPERATING PROPERTY OF A PUBLIC UTILITY;

(5)  THE TRANSPORTATION PROPERTY DESCRIBED IN § 6-103
OF THIS ARTICLE;

(6)  ROLLING STOCK; AND

(7)  ALL OTHER PERSONAL PROPERTY THAT IS DIRECTED BY
THIS ARTICLE TO BE ASSESSED.